Mississippi Business
Avid Boats expanding facility in Monroe County
Boat manufacturer creating 50 jobs in Monroe CountyProject represents corporate investment of nearly $8 million
Jackson, Miss. (November 14, 2023) – Fishing boat manufacturer Avid Boats is renovating and expanding its facility in Monroe County. The project is a $7.96 million investment that will create 50 new jobs.
Avid Boats produces high-quality aluminum fishing boats from its headquarters in Amory. In March, a tornado significantly damaged the manufacturing facility. As a result, Avid is rebuilding and expanding from its original 85,000-square-foot facility to 100,000 square feet to accommodate current needs and future growth.
The Mississippi Development Authority is providing assistance for construction, as well as through the Mississippi Flexible Tax Incentive, or…
By: Ken patterson
Title: Avid Boats expanding facility in Monroe County
Sourced From: mississippi.org/news/avid-boats-expanding-facility-in-monroe-county/
Published Date: Tue, 14 Nov 2023 16:00:12 +0000
Mississippi Business
Geartek expanding operations in Alcorn County
Industrial manufacturing company creating two jobs in MississippiProject represents corporate investment of $3.8 million
Jackson, Miss. (May 1, 2024) – Hydraulic gear pump and motor manufacturer Geartek is expanding its operations in Corinth. The project is a $3.8 million investment that will create two new jobs.
A division of Hydraulic Analysis, Inc., Geartek's products are used in a variety of industries, including forestry, energy, site clearing and mining. The company has long-established local ties to Corinth and is expanding its existing manufacturing facility by approximately 8,500 square feet to accommodate new manufacturing equipment for added production capacity.
The Mississippi Development Authority is providing assistance through the Mississippi Flexible Tax…
By: Ken patterson
Title: Geartek expanding operations in Alcorn County
Sourced From: mississippi.org/news/geartek-expanding-operations/
Published Date: Wed, 01 May 2024 07:00:33 +0000
Mississippi Business
Geartek expanding operations in Alcorn County
SUMMARY: Geartek, a hydraulic gear pump and motor manufacturer, is expanding its operations in Corinth, Mississippi with a $3.8 million investment that will create two new jobs. The company's products are used in various industries, and it is expanding its existing facility to accommodate new equipment for increased production capacity. The Mississippi Development Authority is providing assistance through the MFLEX program, along with support from Alcorn County and the city of Corinth. Officials and local leaders have expressed their support for the project, highlighting the positive impact on the local economy and job market. Geartek's president looks forward to continued success and investment in the community.
The post Geartek expanding operations in Alcorn County appeared first on mississippi.org
Mississippi Business
Innovate Mississippi Wins Stage One of the U.S. Small Business Administration’s 2024 Growth Accelerator Fund Competition
Innovate Mississippi was awarded $50,000 in prize money for equitable access to entrepreneurship
WASHINGTON– Today, the U.S. Small Business Administration (SBA) announced Innovate Mississippi as a Stage One winner for the 2024 Growth Accelerator Fund Competition (GAFC). Innovate Mississippi will receive a $50,000 cash prize for its impactful and inclusive approach to nurturing a collaborative national innovation ecosystem to advance small business research and development (R&D) from ideas to the market.
By fostering connections between entrepreneurs, mentors, partners, philanthropies, corporations, investors, and other shared resources, GAFC 2024 catalyzes strategic ecosystem partnerships to build community and organizational capacity for the successful launch, growth,…
By: jacksonfreepress
Title: Innovate Mississippi Wins Stage One of the U.S. Small Business Administration's 2024 Growth Accelerator Fund Competition
Sourced From: www.innovate.ms/innovate-mississippi-wins-stage-one-of-the-u-s-small-business-administrations-2024-growth-accelerator-fund-competition/
Published Date: Wed, 24 Apr 2024 16:53:39 +0000
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